Trinidad News, Tobago News

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Friday, October 20 2017 @ 12:55 AM AST

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Barbados to revoke 4 international business companies' licences

Minister of Industry and International Business, Donville Inniss has revealed that his ministry is in the process of revoking the international business licences of four international business companies, as he urged regulators who have concerns with any of their clients to have those concerns clarified quickly or “dump them”.

In an address to scores of stakeholders in the sector attending a Corporate Trust and Service Providers Seminar in the Grande Salle, Tom Adams Financial Centre, the Minister revealed that the licences of four companies would be revoked shortly, over allegations of money laundering, corrupt practices and defrauding citizens in foreign jurisdictions.

“It was recently drawn to the Ministry’s attention that we were able to identify a few companies that have not been cooperating as they should or have beneficial owners who have been charged and found guilty of some activity which we do not wish to be associated with in Barbados. Therefore, I as Minister shall, over the next few days, be revoking the licences of such associated companies,” Mr. Inniss revealed.

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After all the oil & gas produced over 100+ yrs, how did Trinidad & Tobago end up with $100b in debt?

Q&A with UWI Senior Economics Lecturer Dr Roger Hosein

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Quick movie review: Mother!

First, very quickly, what's topping the cinema charts in Trinidad and Tobago...

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Trinidad & Tobago govt may borrow $2 billion from banks to pay October bills: Imbert

The government of Trinidad and Tobago will be paying only salaries, wages, pensions, gratuities, social service, grants, debt service this month, Finance Minister Colm Imbert said in Parliament in Port of Spain today.
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Bagnarol appointed new Scotiabank MD for south & east Caribbean

Stephen Bagnarol has been named to replace Anya Schnoor as Managing Director of Scotiabank Trinidad and Tobago and Senior VP/Head of the bank's southern and eastern business.

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The Mountain Between Us, Blade Runner, Kingsman on top in Trinidad & Tobago cinemas

The Mountain Between Us, Blade Runner, Kingsman are on top in Trinidad & Tobago cinemas right now. Stephen King's 'It' is still doing well as is Green Days by the River.

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Trinidad & Tobago to bring legislation for solar power plant financing

Energy Ministry Parliamentary Secretary Nicole Olivierre in Parliament on October 10 reiterated government's plan to make Trinidad & Tobago 10% renewable energy-powered by 2021. That 10% is 283 MW.